lump sumnoun plurallump sums Britannica Dictionary definition of LUMP SUM [count] :an amount of money that is paid at one time:a single sum of money The bonus is paid out in alump sum. [=it is paid out all at once] alump-sumpayment...
lump sum Also found in:Dictionary,Thesaurus,Financial,Acronyms,Encyclopedia,Wikipedia. Medspeak-UK A one-off payout that one receives upon retirement with the NHS, which is equivalent to 3 times one’s annual pension. Medspeak-US A one-time payment—e.g., from the 401(k) plan made to ...
Lump sum definition: a relatively large sum of money, paid at one time, esp in cash. See examples of LUMP SUM used in a sentence.
lump-sum distribution With retirement plans, the disbursement of an individual's benefits in a single payment. A lump-sum distribution has important income-tax implications; therefore, the individual must investigate this option thoroughly before choosing a single payment. ...
Definition of Lump sum Lump sumLump Lump, n. [Cf. OD. lompe piece, mass. Cf. Lunch.] 1. A small mass of matter of irregular shape; an irregular or shapeless mass; as, a lump of coal; a lump of iron ore. `` A lump of cheese.' --Piers Plowman. `` This lump of clay.' -...
Twitter Google Share on Facebook lump-sum payment A payment of all principal and interest at the maturity of a promissory note. The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc. ...
3.a small cube-shaped mass of sugar.terrón verb (usually withtogether) to treat or think of as (all) alike.juntar ˈlumpyadjective containing lumps.lumpy custard.grumoso ˈlumpinessnoun consistencia grumosa lump sum an amount of money given all at once, not in parts over a period of...
lump sum Medspeak-UK A one-off payout that one receives upon retirement with the NHS, which is equivalent to 3 times one’s annual pension. Medspeak-US A one-time payment—e.g., from the 401(k) plan made to a worker’s beneficiary in the event of death. ...
Lump sum. A lump sum is an amount of money you pay or receive all at once rather than in increments over a period of time. For example, you buy an immediate annuity with a single lump-sum payment. If you receive the face value of a life insurance policy when the insured person dies...
Define Lump Sum Settlement. means a settlement of the Specified Litigation that provides solely for the Company to make a single, lump sum cash payment and imposes no other obligation of any nature on the Company or any of the other defendants in the Spe